Analyst Ratings (Canada)
Today’s analyst coverage reflects a positive outlook on Canadian energy infrastructure, utilities, and defensive growth sectors, with the majority of actions consisting of target price increases. Pipeline and midstream companies saw multiple upward target revisions, signaling continued confidence in stable cash flows, strong dividend profiles, and improving earnings visibility amid resilient North American energy demand. Analysts also remained positive on defensive and infrastructure-oriented sectors, highlighting investor preference for stable businesses with predictable cash generation in a potentially uncertain macro environment. Consumer and industrial names showed a more mixed tone, suggesting some caution around valuation or near-term execution.
Overall, the dominant trend across today’s ratings was incremental optimism, particularly within Canadian energy infrastructure and income-oriented stocks, as analysts continue to position for stable economic conditions, supportive commodity pricing, and resilient demand across defensive sectors.
27 Analyst Updates:
AGF Management Ltd. (AGF-B:CA) was maintained with a Buy rating by TD Securities, and reiterated its $19.00 target price.
AltaGas Ltd. (ALA:CA) had its target price raised by CIBC to $59.00 from $55.00 while maintaining an Outperform rating.
AutoCanada Inc. (ACQ:CA) received a target increase from RBC Capital to $23.00 from $18.00 while maintaining a Sector Perform rating.
Brookfield Infrastructure Partners L.P. (BIP-UN:CA) saw CIBC raise its target price to $62.00 from $61.00 while maintaining an Outperformer rating.
Brookfield Infrastructure Partners L.P. (BIP-UN:CA) STA Research maintained a Hold rating with a $50.00 target price.
CAE Inc. (CAE:CA) had its target price lowered by Stifel Nicolaus to $47.00 from $50.00 while maintaining a Buy rating.
Capital Power Corp. (CPX:CA) was maintained as a Top Pick by Desjardins Securities with an $82.00 target price.
Chemtrade Logistics Income Fund (CHE-UN:CA) was maintained with a Outperform by CIBC with a $19.00 target price.
Dollarama Inc. (DOL:CA) was maintained with a Buy rating by TD Securities, which reiterated its $225.00 target price.
Enbridge Inc. (ENB:CA) had its target price raised by CIBC to $77.00 from $74.00 while maintaining a Neutral rating.
Enbridge Inc. (ENB:CA) STA Research maintained with a Hold rating and a $65.00 target price.
Enbridge Inc. (ENB:CA) received a target increase from TD Securities to $79.00 from $73.00 while maintaining a Hold rating.
Gibson Energy Inc. (GEI:CA) had its target price raised by CIBC to C$33.00 from C$32.00 while maintaining an Outperform rating.
Gibson Energy Inc. (GEI:CA) was upgraded to Buy from Hold by TD Securities with the target price increased to $32.00 from $29.00.
Keyera Corp. (KEY:CA) had its target price raised by CIBC to $63.00 from $58.00 while maintaining an Outperform rating.
Keyera Corp. (KEY:CA) also received a target increase from TD Securities to $68.00 from $61.00 while maintaining a Buy rating.
Pembina Pipeline Corp. (PPL:CA) had its target price raised by TD Securities to $75.00 from $65.00 while maintaining a Buy rating.
Pembina Pipeline Corporation (PPL:CA) was maintained at Outperform by Scotiabank with a $65.00 target price.
Pembina Pipeline Corporation (PPL:CA) was also maintained with a Buy rating by TD Securities, which reiterated its $75.00 target price.
Restaurant Brands International Inc. (QSR:CA) received a target increase from Guggenheim to $117.00 from $110.00 while maintaining a Buy rating.
Rockpoint Gas Storage (RGSI:CA) had its target price raised by TD Securities to $35.00 from $32.00 while maintaining a Buy rating.
South Bow Corp. (SOBO:CA) had its target price raised by CIBC to $50.00 from $45.00 while maintaining a Neutral rating.
South Bow Corp. (SOBO:CA) received a target increase from TD Securities to $51.00 from $47.00 while maintaining a Hold rating.
TC Energy Corp. (TRP:CA) had its target price raised by CIBC to $103.00 from $94.00 while maintaining an Outperform rating.
TC Energy Corp. (TRP:CA) also received a target increase from TD Securities to $98.00 from $90.00 while maintaining a Hold rating.
Whitecap Resources Inc. (WCP:CA) had its target price raised by RBC Capital to $20.00 from $18.00 while maintaining an Outperform rating.
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